Personal Finance Quiz

Credit cards usually have low interest rates

Which of the below is NOT a factor influencing spending and saving patterns

The three main consequences of poor financial management can be categorised as

Which is NOT a form of income?

Anyone wishing to register a car in NSW must get compulsory third party insurance

A salary is

Insurance is best defined as

People can insure body parts

When taking out a loan, the original sum of money lent to someone is called the

The process of debt consolidation involves

A useful program for constructing budgets is Microsoft ...

Which type of income would profits earned by a business owner be classified as?

Savings are a form of low-risk investment

The value of all assets you have accumulated is known as

An interest rate is the cost of

Rent is a fixed expense

Bankruptcy is an official declaration of the

Which of the following is NOT a factor affecting credit rating?

Which of the following is a form of social welfare?

A credit rating is

An item of property which can be used as security against debts is called a/an

A reason FOR borrowing is that it can be cheaper to buy now on credit than to wait until later

Variable expenses are easy to budget for as they are recurring and always the same value

An effective budget is not flexible

A loan which has an asset secured against it is called a/an